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Address: Box 4085 Stn a, 2600 -
40 King St W
Toronto ON M5W 2X6
Phone: 416 863 7893
Fax: 416 863 7425
Website:
http://www.scotiamanagedcompanies.com
Warrant Symbol - UTC.WT
Number Trading - 2,543,718
Expiration Date - March 21, 2011
Cusip - 917912 11 5
Exercise Price - $19.26
Warrants called to trade news:
Utility to list 2.54
million warrants Sept. 14
2010-09-08 15:27 MT - Warrants
Called to Trade
TSX bulletin 2010-1042
Holders of Class C shares
(symbol: UTC.C) of Utility Corp.
of record at the close of
business (Toronto time) on Sept.
16, 2010, will be issued
warrants, on the basis of one
warrant for each share held.
Each whole warrant entitles the
holder to purchase one share at
a price of $19.26 on or before 5
p.m. (Toronto time) on March 21,
2011.
The shares of the company will
commence trading on an ex
distribution basis at the
opening on Sept. 14, 2010, at
which time up to 2,543,718
warrants will be posted for
trading on a when-issued basis,
under the following trading
information:
Symbol: UTC.WT
Cusip: 917912 11 5
Trading currency: Canadian
Designated market-maker: W.D.
Latimer Co. Ltd.
Other markets: None
Additional information on the
warrant offering may be found in
the company's short-form
prospectus dated Sept. 3, 2010,
which is available at SEDAR.
Capitalized terms used but not
otherwise defined are as defined
in the prospectus.
read more... || collapse
The company utilizes the
book-based system administered
by CDS Clearing and Depository
Services Inc. with respect to
shares and warrants. A holder of
warrants may subscribe for a
whole number of shares by
instructing the CDS participant
holding the subscriber's
warrants to exercise all or a
specified number of such
warrants and forwarding the
subscription price for each
share subscribed for in
accordance with the terms of the
offering and the warrant
indenture to the CDS participant
which holds the subscriber's
warrants. The subscription price
is payable in Canadian funds by
certified cheque, bank draft or
money order drawn to the order
of a CDS participant, by direct
debit from the subscriber's
brokerage account or, by
electronic funds transfer or
other similar payment mechanism.
All payments must be forwarded
to the appropriate office of the
CDS participant. The entire
subscription price for shares
subscribed for must be paid at
the time of subscription and
must be received by the warrant
agent prior to the date of the
exercise of the warrants.
Accordingly, a subscriber
subscribing through a CDS
participant must deliver its
payment and instructions
sufficiently in advance of the
expiry date to allow the CDS
participant to properly exercise
the warrants on such
subscriber's behalf. Shares will
be issued on a fully paid basis
only. Shares not issued prior to
the closing of the record books
on a distribution record date
will not be eligible to receive
the applicable distribution.
Holders of warrants are
encouraged to contact their
broker or other CDS participants
as each CDS participant may have
an earlier cut-off time.
Each holder of warrants that
subscribes for shares to which
such holder is entitled pursuant
to the basic subscription
privilege may, at any time
during the exercise period,
subscribe for additional shares
pursuant to the additional
subscription privilege, if
applicable, at a price equal to
the subscription price for each
additional share. Holders of
warrants will not be required to
fully exercise all of their
warrants under the basic
subscription privilege in order
to be eligible for the
additional subscription
privilege. To apply for
additional shares under the
additional subscription
privilege, a beneficial holder
of warrants must forward their
request to a CDS participant.
Payment for additional shares,
in the same manner as for
shares, must accompany the
request when it is delivered to
the CDS participant. Payment in
full of the subscription price
must be received by the warrant
agent prior to 5 p.m. (Toronto
time) on the expiry date,
failing which the subscriber's
entitlement to such shares will
terminate. Any excess funds will
be returned by mail or credited
to a subscriber's account with
its CDS participant, without
interest or deduction. Shares
will be issued on a fully paid
basis only. Shares not issued
prior to the closing of the
record books on a distribution
record date will not be eligible
to receive the applicable
distribution. Holders of
warrants are encouraged to
contact their broker or other
CDS participants as each CDS
participant may have an earlier
cut-off time.
The shares are not registered
under the 1933 act. The offering
is made in Canada and not in the
United States. The offering is
not, and under no circumstances
is to be construed as, an
offering of any shares for sale
in the United States or an
offering to or for the account
or benefit of any U.S. person or
a solicitation therein of an
offer to buy any securities.
Accordingly, the warrants may
not be distributed to
shareholders located in the
United States, and no
subscriptions will be accepted
from any person, or their agent,
who appears to be, or who the
company has reason to believe
is, resident in the United
States.
It is expected that the CDS
participant will, prior to the
expiry date, attempt to sell for
the U.S. shareholders the
warrants allotable to such U.S.
shareholders at the price or
prices it determines in its
discretion. Any proceeds
received by the CDS participant
with respect to such warrants
are expected to be delivered by
the CDS participant as soon as
practicable to such U.S.
shareholders.
Shareholders whose recorded
addresses are outside of Canada,
other than the U.S.
shareholders, will be permitted
to subscribe for Class C shares
pursuant to the terms of the
offering or, if they do not wish
to exercise any of their
warrants to subscribe for Class
C shares, will be permitted to
sell or otherwise transfer their
warrants through a CDS
participant provided that they
represent to the company, and
the company is otherwise
satisfied, that the receipt by
them of warrants and the
issuance to them of Class C
shares upon the exercise of the
warrants will not: (i) be in
violation of the laws of their
jurisdiction of residence; (ii)
require registration of warrants
or Class C shares or the filing
of a prospectus, registration
statement or other similar
document with respect thereto
under the laws of their
jurisdiction of residence; or
(iii) require the company to
comply with any continuing
filing or reporting requirements
or other similar requirements.
As soon as practicable following
the exercise of a warrant, the
company will pay a fee of 29
cents per warrant exercised to
the CDS participant whose client
is exercising the warrant and a
fee of 19 cents per warrant
exercised to Scotia Capital Inc.
as dealer manager.
The warrants will be governed by
the terms of a warrant indenture
to be entered into on Sept. 16,
2010, between the company and
Computershare Trust Company of
Canada, as warrant agent. The
warrant indenture provides for
appropriate adjustments to the
warrants in the event of stock
dividends, subdivisions,
consolidations and other forms
of capital reorganization.